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Pelosi says they "are just about there" on stimulus deal

Yahoo Finance’s Jessica Smith joins the On the Move panel to discuss the latest on the stimulus deal.

Video Transcript

ADAM SHAPIRO: So we have to turn our attention back within our borders because there is this back and forth on stimulus. We are this close, depending on who you believe. Jessica Smith, what's the latest?

JESSICA SMITH: Well, Speaker Pelosi just talked to reporters a few minutes ago, and she says they are just about there. She said they will soon put pen to paper. But, a big, big issue here is still state and local funding and liability protections. She says they have not nailed those down yet, and those have been the two biggest problems throughout these negotiations, so there is clearly still work to do.

She said that she hopes they could get this done before the election. She says the House could do it. She seemed skeptical about whether the Senate could get this done. She did say that she wouldn't be having these talks if they weren't making progress, if the goal wasn't to get a deal here. But we will see if something is able to come to fruition in the next couple of days.

And even if it does, if they get this bill written it's still going to take time to go through the process of getting to the floor and getting to a vote. She did say that this bill needs to be bipartisan. Clearly you have to have support in the Republican Senate. It is not clear if that is going to be able to pass a Republican Senate. It really doesn't look like that's very likely at this point. It's going to be very tough to get 13 senators on board, but we'll see what Speaker Pelosi and Treasury Secretary Mnuchin come up with when they speak again today.

JULIE HYMAN: Yes we will. And speaking of somebody who's going to speak today, the final presidential debate is going to be this evening with Donald Trump and Joe Biden. We've talked, Jess, about the new rules that will mute them during opening statements, for the various segments of the debate. What else can you tell us about what perhaps to expect?

JESSICA SMITH: Yeah, I think that's going to be something that's really interesting to watch-- this muted mike issue, how that's going to work. So each candidate is going to get two minutes of uninterrupted speaking time. The other candidate's mike will be muted during that time. And then they'll open up the mikes, and they can talk over each other again.

I mean, we'll see if it-- how much different this is than the first debate when President Trump repeatedly talked over Vice President Biden. Biden kind of struggled to get a word in because President Trump was interrupting so much. So we'll see what happens with that, if the president continues to try to talk over Biden even without the mikes.

I think the biggest issues that we'll hear about tonight clearly the coronavirus. The pandemic is just-- is top of mind for everyone. I think we'll also see President Trump probably bring out that unconfirmed report about Hunter Biden. We'll also hear questions about court packing and election interference. This starts at 9 o'clock tonight. We expect it to last about an hour and a half.